Hidalgo Mining International (HMIT.PK) Rises Over 70% on Recent News of Equipment Purchase
The price of Gold has recently sky rocketed to over $875 per ounce, Hidalgo Mining International hopes to cash in on this in a big way in West Africa. With the recent purchase of dredges, mining equipment and a 50-yard per hour Goldfield series wash plant, the company hopes to start production by the end of January 2008. President of HMIT, Mark Daniel Klok, anticipates revenues in excess of $6.64 million for the company in 2008. This is the year where HMIT hopes to transition from an exploratory company into a producing company, and Klok believes that is possible after…